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Affinity Announces Official Notification of the Successful Conclusi   Message List  
Reply | Forward Message #458 of 510 |

Affinity Announces Official Notification of the Successful Conclusion of
the Reexamination of Its Financial and Credit Account Patent

COLUMBIA South Carolina March 30, 2006

Affinity Technology Group, Inc. (OTCBB:AFFI - News) today announced that
the U.S. Patent and Trademark Office (PTO) posted on its Patent
Application Information Retrieval (PAIR) system database a "Notice of
Intent to Issue Ex Parte Reexamination Certificate" relating to its U.S.
Patent No. 6,105,007 entitled "Automatic Financial Account Processing
System". Although the Company has not yet received the Notice from the
PTO, the posting of the Notice on PAIR constitutes an official
notification and cites the "Reasons for Patentability / Confirmation."
The Notice indicates the Reexamination resulted in the full allowance of
all the claims of the Company's U.S. Patent No. 6,105,007.

Joe Boyle, Chairman, President and Chief Executive Officer, stated,
"This is a significant event in our defense of our patents. Not only
does it represent the conclusion of a two-year reexamination process
associated with U.S. Patent No. 6,105,007, but it represents a
successful conclusion to the seven year process in which we have also
successfully defended, through reexamination, our other two patents,
U.S. Patent Nos. 5,870,721 and 5,940,811. We consider this a significant
validation of our patents and our decision to exploit the value of our
patents through a patent licensing business model. The continuous
reexaminations of our patents have inhibited our licensing program over
the past seven years and our ability to attract capital resources. Our
next challenge will be to secure the capital resources to continue the
operations of the Company and realize the maximum value from our patent
portfolio."

About Affinity Technology Group, Inc.

Through its subsidiary, decisioning.com, Inc., Affinity Technology
Group, Inc. owns a portfolio of patents that covers the automated
processing and establishment of loans, financial accounts and credit
accounts through an applicant-directed remote interface, such as a
personal computer or terminal touch screen. Affinity's patent portfolio
includes U. S. Patent No. 5,870,721C1, No. 5,940,811C1, and No.
6,105,007.

Forward-looking statements in this news release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Investors are cautioned that our business is subject to several
substantial risks and uncertainties, including the Company's very
limited capital resources and the possibility that we may be unable to
raise additional capital in amounts sufficient to permit it to continue
its operations; the risk that we may lose all or part of the claims
covered by our patents as a result of challenges to our patents; the
risk that our patents may be subject to additional reexamination by the
U.S. Patent and Trademark Office or challenge by third parties; the
possibility all or some of the holders of the convertible secured notes
issued by the Company may take action to collect the amounts outstanding
under these notes; the result of ongoing litigation; and unanticipated
costs and expenses affecting the Company's cash position. If the Company
is not able to raise additional capital immediately, it may be forced to
consider alternatives for winding down its business, which may include
offering its patents for sale or filing for bankruptcy protection.
Moreover, if any of the holders of the convertible notes issued by the
Company take action to collect the amounts owed by the Company under
these notes, the Company will be forced to consider alternatives for
winding down its business, which may include offering its patents for
sale or filing for bankruptcy protection. These and other factors may
cause actual results to differ materially from those anticipated.



Contact:
Affinity Technology Group, Inc.
Joe Boyle, 803-758-2511

------------------------------------------------------------------------\
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Source: Affinity Technology Group, Inc.










Thu Mar 30, 2006 9:26 pm

famouswba
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Affinity Announces Official Notification of the Successful Conclusion of the Reexamination of Its Financial and Credit Account Patent COLUMBIA South Carolina...
famouswba
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Mar 30, 2006
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